Los Angeles - Rainbow Media's (NYSE: CVC) newly-acquired Sundance Channel plans to launch a new video-on-demand service for cable and satellite systems that will offer some of the many films submitted and screened at the Sundance Film Festival that did not receive a theatrical release, the Los Angeles Times reports. Sundance Selects aims to offer 50 new titles a year, more than a third of which will be nonfiction; movies on the service are expected to cost $7 or $8 each. Rainbow also operates the independent film video-on-demand services IFC in Theaters and IFC Festival Direct. The company told the Times it currently has no plans to bring Sundance Selects online.